NOT LISTED FOR SALE

Estimated Value: $1,411,785 - $1,880,000

5 Beds
3 Baths
2,094 Sq Ft
$793/Sq Ft Est. Value

Last Sold September 06, 2017

Last sale price $1,550,000 $740 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $9,326/month

114 Days on Market

About This Home

As of September 2017

Beautiful, sunny and spacious semi-attached two family brick home, (easily turned into a one family home) with it's garage transformed into a fabulous artist studio is now available on a bucolic Kensington block, right on the border of Windsor Terrace. Offering a total of 13 rooms, with 5 bedrooms and 3 baths, this is a treasure.

The flexibility of this home is amazing, as well as what it offers.

Currently used as a two family - the set-up now consists of a beautifully renovated owner's duplex (2.5 beds, 2 baths plus backyard, studio and finished basement) and a top floor three bedroom rental apartment with balcony.

The owners duplex is simply fabulous. With an open layout, you enter a large living room with custom designed built-ins. There is a fabulous sunroom at the front of the house. And, it has a gorgeous and huge newly renovated windowed eat-in-kitchen with plentiful cabinetry, stainless appliances, subway tiling, and silestone quartz counters and a space that is perfect for entertaining in beauty. This level continues with 2.5 bedrooms and one bath. Walk downstairs to the large finished basement that has two recreation rooms (one could be used as an extra bedroom for visitors), a workroom and a mechanical/storage room. There is a large backyard which is perfect for relaxing and lounging and a separate artist studio!

The house has a shared driveway. It's garage was converted into an artist's studio, with french doors and windows, to provide abundant natural light. The studio can be used in many different ways-it's your choice. Or if you desire, turn it back into a garage and have your own private parking space.

The top floor has 3 bedrooms, a large living room and a kitchen, with beautiful hardwood floors throughout. The master bedroom has a large balcony that overlooks the beauty that is East 4th St.

To turn this home into a one family requires very little work - remove a door and a half wall, and either remove the kitchen from the second floor or turn that into a laundry room, and you have a beautiful one family home with 4-5 bedrooms, a family room on the second floor and two offices/dens, plus the extra space in the basement, the yard and the studio!

The entire house has been well-maintained and has many upgrades throughout.

This is a great opportunity to purchase a spacious two family home or to have a huge one family home which is hard to find in the Windsor/Kensington neighborhoods. The choice is yours.

Located on E. 4th St between Caton Ave and Albemarle Road, one of the most beautiful and coveted blocks in Kensington, with wide sidewalks and mature trees, just down the block from the Windsor Terrace border, this is a superb location. Currently zoned P.S. 130, in district 15. It's a short walk to Prospect Park, a couple of blocks to the Greenwood Playground, the Windsor Terrace Library, the Kensington Community Garden, Steeplechase Cafe, Brancaccio's, Thai Tony's, Batata, Saki Sushi, SoHo Cafe and Grill, a block to all the great retail on Church Ave, including a 24 hour international grocery and produce store, 3 blocks to a large Foodtown, 3.5 short blocks to the train (equidistant to Ft. Hamilton and Church Ave F/G lines), 2.5 blocks to express buses to Manhattan, and much more.

Last Agent to Sell the Property

Carolyn Cedar

Compass License #10301206764 Listed on: 04/13/2017

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 2,134

Home Design

  • Pre War Building

Interior Spaces

  • 2,094 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Community Details

  • 2 Units
  • Kensingt Subdivision

Listing and Financial Details

  • Tax Block 5327

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Cross Street: Caton Ave
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: KENSINGT
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Living Area: 2094.0
  • Living Area Units: Square Feet

Beds/Baths

  • Bathrooms Integer: 3
  • Bedrooms: 5

Utilities

  • Heating: Building Natural Gas

Building Info

  • Units: 2
  • Total Stories: 2
  • Year Built: 1910

Tax Info

  • Tax Block: 5327

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2017
Closed on
Sep 6, 2017
Sold by
Moran Kristine and Shouldice Joseph
Bought by
Man Jonathan Chung San and Man Megan Patricia
Seller's Agent
Carolyn Cedar
Compass
List Price
$1,550,000
Sold Price
$1,550,000
Current Estimated Value
$1,659,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,696
Avg. Annual Appreciation
0.83%
Original Mortgage
$920,000
Outstanding Balance
$768,884
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$890,812

Purchase Details

Closed on
Jun 12, 2013
Sold by
Catherine Rigatti Irrevocable Trust
Bought by
Moran Kristine and Shouldice Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,000
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 25, 2007
Sold by
Rigatti Catherine and Rigatti John
Bought by
Catherine Rigatti Irrevocable Trust Date and April 25, 2007
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Man Jonathan Chung San $1,550,000 --
Moran Kristine $906,000 --
Catherine Rigatti Irrevocable Trust Date -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Man Jonathan Chung San $920,000
Previous Owner Moran Kristine $656,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2017 09/06/17 Sold $1,550,000 0.0% $740 / Sq Ft
08/07/2017 08/07/17 Pending -- -- --
04/14/2017 04/14/17 For Sale $1,550,000 -- $740 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,556 $74,520 $21,900 $52,620
2024 $7,556 $87,660 $21,900 $65,760
2023 $7,236 $85,860 $21,900 $63,960
2022 $7,113 $70,740 $21,900 $48,840
2021 $7,413 $74,460 $21,900 $52,560
2020 $3,477 $87,000 $21,900 $65,100
2019 $6,558 $85,620 $21,900 $63,720
2018 $6,053 $29,692 $6,898 $22,794
2017 $5,407 $29,692 $10,881 $18,811
2016 $5,247 $29,354 $10,779 $18,575
2015 $1,158 $27,693 $14,072 $13,621
2014 $1,158 $26,126 $14,530 $11,596
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10099760

Real Estate Board of New York (REBNY)

APN: 05327-0062